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2 sats \ 19 replies \ @siggy47 2 Nov 2023 \ parent \ on: Michael Saylor AMA? meta
You can start right there. Ask him why he's a fiat maxi.
Listen from this point, of this interview
https://youtu.be/57B0XMHmBb0?t=744
He literally said: "I will hold BTC and will create a stablecoin backed by that BTC and lend it to you".
Same as banksters did centuries ago with gold....
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He comes from the world of finance /Wall Street. A big part of his imagined bitcoin world will be borrowing off of your bitcoin as collateral so you don't have to sell it. He believes in debt.
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He believes in debt.
Exactly that. And debt means fiat world.
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You're right to the extent that he believes that, at least in the U.S ., the dollar will continue to exist as the U.S. currency along side bitcoin.
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As I said many times before: US wll be the last place on Earth that will fully adopt Bitcoin. US People are too deep into debt fiat mentality...
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I agree. The elite have built their wealth through debt while preaching the virtues of thrift and savings to the peasants.
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deleted by author
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Elon's model for x.